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KOFY
Dec 29, 2012 9:00pm PST
leaders allow it to come to a vote. >> we can still avoid going over the fiscal cliff if the president and democratically controlled senate step forward to solve this problem and solve it now. >> frustration over the impasse runs from wall street where the dow is down 400 points to main street. >> this is america. they should be working for the american people. >> the parties are trying to outdo each other. >> sit down and don't come out of this that room until you have taken care of. >> the shows back in session that afternoon and could vote on the senate version. >>> a south is a san francisco retired ee is now $23 million richer. he bought a winning ticket at pharmacy in san francisco before christmas but he didn't discover high won when a friend remind himd to check his ticket. he hasn't decided what to do with the money. >>> coming up, a look at the most piratedtv series this year. plus, an amazing video of people helping friends stuck at a prison. a new gaming system so the way. we'll look inside. we'll find out what is helping populations in asia. >> i'm meteorologist lisa argen, a cold night ahead as our valley tempera
KOFY
Dec 30, 2012 9:00pm PST
. >>> democrats and republicans are wrangling over last minute ledges to avert the fiscal cliff there is no sign of a deal so far. chuck stephenson has the latest. >> they heard this prayer from the senate chaplain. >> look on our nation and save us from self-inflicted wounds. >> the clock is ticking towards the new year's eve midnight hour when budget cuts swoop down from the fiscal cliff. harry reid and mitch mcconnell are working on a stopgap bill. >> at some point the negotiating process it appears there are things that have stopped us in moving forward. i hope we're not there but we're getting real close. >> i want everyone to know i am willing to get this know, but i need a dance partner. >> the legislation would prevent a tax increase for 98% of american workers, extend unemployment benefits and prevent a huge cut in payments to medicaid doctors. >> we should introduce legislation to make sure that middle-class taxes stay where they are. >> even if they reach a deal it won't pass congress by monday night. if it doesn't everybody's income taxes will go up. the average family would pay $3,324 would. if congress doesn't passion a new bill? >> we'll come back with a new congress in january 4t
KOFY
Dec 31, 2012 9:00pm PST
-called fiscal cliff just in time before the new year begins. senate to vote on the deal tonight. democratic leaders including senator feinstein and boxer from california just left capitol hill within the past hour or so and vice president biden spoke just few minutes ago. listen. >> i feel in very, very good. i think we'll get a very good vote tonight but happy new year. i will see you all maybe tomorrow. >>reporter: it looks like they get it done just in the nick of time. what does the imagine include exactly. karen travers has the details. >> don't start popping the champagne yet but tonight a major step to avoid the fiscal cliff. after days of intense negotiations white house and senate republicans reached a deal and vice president biden went up to the capitol hill to sell it to senate democrats. >> happy new year. >>reporter: biden swooped in at the 11th hour to hammer out a way forward with mcconnell. the agreement would permanently extend the bush tax cuts for individuals making under 40 400,000 holding making under 4 50,000. raise the estate tax valued at more than 5 mill
KOFY
Dec 28, 2012 9:00pm PST
of going over the fiscal cliff if we do. >> president is optimistic but if deal can't be reached this weekend he will tell senate leader reid tiny introduce a fall back bill. >> bill on the floor that make sure that taxes on middle class family don't go up. that unemployment insurance is still available for two million people lay the ground work then for additional deficit reduction and economic growth steps to take in the new year that. >> bill ass the president calls the bare minimum isn't what many on capitol hill had hoped for. it pushes off until next year the larger problems of dealing with the debt ceiling and automatic spending cuts. study by george mason university found spending cut will result in two million jobs lost and 215 billion dollar drop in the nation gross domestic product. that's the value of all the goods and services produced. for california it means defense spending would be cut by half billion dollars. 12,000 children from low income family would look the access to head start programs, 2,000 fewer women not given screening for breast cervical cancer. domestic violence people would lose services
KOFY
Dec 26, 2012 9:00pm PST
ongoing effort to avoid the fiscal cliff. president obama is about to end his family vacation in hawaii and will arrive in washington early tomorrow to deal with the tax increases and spending cuts that are due to take effect next week. no official fiscal cliff negotiations between republicans and democrats have been scheduled. not a great deal of progress. >>> with the government right on the edge now of that fiscal cliff, taxpayers are facing a lot of uncertainty as we head into the new year and for many of us the usual year-end financial strategies simply may not apply this year. 7 on your side's michael finney sorts out some of the confusion. >> reporter: when it comes to year end finances the old rules may not add up this year. >> it is difficult to do any type of tax planning and advising because nobody really knows exactly what is going to happen. >> much of the uncertainty centers around whether the united states is about to fall off that a fiscal cliff. if that happens, that would mean the end of the temporary payroll tax cuts. even if that doesn't happen, most believe t
Search Results 0 to 4 of about 5